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Home / Breakouts / Tullow Oil

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Tullow Oil

Is this breakout a good trade for you?

Will Tullow Oil turn, or will it continue to rise towards 268p?

  • Breakout above 216p to trade 228p  (at time of writing).
  • The ‘trend is your friend’. Will it continue towards 268p?
  • Shares -21.5% from 2018 highs; +34.2% from 2018 lows; +27.2% year-to-date.
  • 14 Feb: Canaccord says East Africa project Development looking more certain
  • 13 Feb: Citi says dividend returned earlier than expected
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Tullow Oil– An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 268p . You decide to buy exposure to £10,000 worth of Tulllow using a CFD, at the current price 228(at time of writing). To do this, you need £2,000.

Let’s assume the Tulllow trend continues upwards to 268p (+17.5%). Your profit would be £1750, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price.  Tulllow breaks lower, falling 5% and it hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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